C.R.S. Section 37-48-175
Election to authorize debt


Except for the issuance of refunding bonds or other funding or refunding of obligations which does not increase the net indebtedness of the district or any subdistrict so proceeding, no indebtedness shall be incurred by the issuance of general obligation bonds of any subdistrict or by any contract by which the district or a subdistrict agrees to repay as general obligations or other obligations constituting a “general obligation debt by loan in any form”, as such term is used in section 6 of article XI of the state constitution, of the district or subdistrict, respectively, to the federal government, any political subdivision, or any person over a term not limited to the then current fiscal year any project costs advanced thereby under any contract for the acquisition or improvement of the facilities or any interest therein, or for any project, advanced by the issuance of securities of such a political subdivision or person to defray any cost of the project or of the facilities or an interest therein thereby acquired and becoming a part of the facilities of the district or subdistrict, or otherwise advanced, unless a proposal of issuing the subdistrict’s general obligation bonds or of incurring an indebtedness by the district or subdistrict by making such a contract is submitted to the electors of the district or subdistrict, as the case may be, and is approved by a majority of such electors voting on the proposal at an election held for that purpose in accordance with this article and with all laws amendatory thereof and supplemental thereto.

Source: Section 37-48-175 — Election to authorize debt, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-37.­pdf (accessed Oct. 20, 2023).

37‑48‑101
Legislative declaration
37‑48‑101.3
Definitions
37‑48‑102
Creation and name of district
37‑48‑103
Board of directors
37‑48‑104
Employees
37‑48‑105
Powers of district
37‑48‑106
Principal office - meetings
37‑48‑107
Assessment and levy by board
37‑48‑108
Creation of subdistricts
37‑48‑109
Compensation of directors
37‑48‑110
Limitations on power to levy and contract
37‑48‑111
Investment of surplus funds
37‑48‑112
Rules
37‑48‑113
Court confirmation
37‑48‑114
Petition
37‑48‑115
Notice and hearing on petition
37‑48‑116
Election resolution
37‑48‑117
Conduct of election
37‑48‑118
Notice of election
37‑48‑119
Polling places
37‑48‑120
Election supplies
37‑48‑121
Election returns
37‑48‑122
Expenses of election - appropriation
37‑48‑123
Procedure for establishment of subdistricts
37‑48‑124
Time and place of hearing on petition
37‑48‑125
Filing of protest - procedure - decree - fee
37‑48‑126
Official plan for subdistrict
37‑48‑127
Execution of plans
37‑48‑128
Contracts
37‑48‑129
Surveys and examinations
37‑48‑130
Cooperation with United States or other agencies
37‑48‑131
Access to lands - penalty
37‑48‑132
Removal of structures
37‑48‑133
Passing equipment through bridge or grade
37‑48‑134
Functions and duties of board of managers
37‑48‑135
Retention of personnel
37‑48‑136
Appointment of appraisers
37‑48‑137
Appraisals
37‑48‑138
Report of appraisers - special improvement bonds
37‑48‑139
Notice of hearing on appraisals
37‑48‑140
Hearing on appraisals
37‑48‑141
Decree on appraisals
37‑48‑142
Filing decree
37‑48‑143
Validation of irregular proceedings
37‑48‑144
Compensation of appraisers
37‑48‑145
Preliminary fund
37‑48‑146
Power to borrow money for the preliminary fund
37‑48‑147
Directors bound by financing plan
37‑48‑148
Special assessments - procedure in making
37‑48‑149
Special improvement bonds
37‑48‑150
Manner of collection - tax sale - certificate of purchase - tax deed
37‑48‑151
Collection by civil action
37‑48‑152
Special improvement assessments constitute perpetual lien
37‑48‑153
Directors to remedy defects - special improvement assessments - special assessments
37‑48‑154
Records of assessments, service charges, or user fees as evidence
37‑48‑155
Defects in notice perfected
37‑48‑156
Contracts of subdistricts
37‑48‑157
Issuance of general obligation bonds - revenue bonds
37‑48‑158
Board to certify tax assessments
37‑48‑159
Sinking fund
37‑48‑160
Subdistrict budget
37‑48‑175
Election to authorize debt
37‑48‑176
Definition of elector
37‑48‑177
Elections
37‑48‑178
Election resolution
37‑48‑179
Conduct of election
37‑48‑180
Notice of election
37‑48‑181
Polling places
37‑48‑182
Election supplies
37‑48‑183
Election returns
37‑48‑184
Debt election contests
37‑48‑185
Covenants and other provisions in bonds
37‑48‑186
Liens on pledged revenues
37‑48‑187
Rights - powers of holders of bonds - trustees
37‑48‑188
Investments and securities
37‑48‑189
Rents and charges
37‑48‑190
Miscellaneous powers
37‑48‑191
Cooperative powers
37‑48‑192
Joint action entity
37‑48‑193
Correlative powers of political subdivisions
37‑48‑194
Refunding
37‑48‑195
Costs - board of managers to concur
Green check means up to date. Up to date

Current through Fall 2024

§ 37-48-175’s source at colorado​.gov